Eastern Asia: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Eastern Asia

In 2022, the East Asian medical gel preparations market decreased by -1.6% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 9.9% against the previous year. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Medical Gel Preparations Production in Eastern Asia

In value terms, medical gel preparations production expanded to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 8.3%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Medical Gel Preparations Exports

Exports in Eastern Asia

In 2022, medical gel preparations exports in Eastern Asia surged to X tons, growing by 16% against 2021. Over the period under review, exports showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 37% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, medical gel preparations exports expanded to $X in 2022. Overall, exports showed buoyant growth. The pace of growth was the most pronounced in 2015 when exports increased by 36% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

China prevails in exports structure, resulting at X tons, which was near 91% of total exports in 2022. It was distantly followed by South Korea (X tons), achieving a 5.3% share of total exports.

China was also the fastest-growing in terms of the gel preparations for human or veterinary medicine exports, with a CAGR of +14.6% from 2012 to 2022. At the same time, South Korea (+11.4%) displayed positive paces of growth. China (+8.1 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest medical gel preparations supplier in Eastern Asia, comprising 78% of total exports. The second position in the ranking was held by South Korea ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +19.6%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, dropping by -11.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2013 an increase of 24% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%).

Medical Gel Preparations Imports

Imports in Eastern Asia

In 2022, approx. X tons of gel preparations for human or veterinary medicine were imported in Eastern Asia; with a decrease of -16.5% against the year before. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -22.7% against 2018 indices. The pace of growth was the most pronounced in 2013 when imports increased by 29%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, medical gel preparations imports reduced remarkably to $X in 2022. In general, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of 31% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Japan (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons) represented roughly 92% of total imports in 2022. It was distantly followed by South Korea (X tons), achieving a 7.4% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Taiwan (Chinese) (with a CAGR of +21.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported gel preparations for human or veterinary medicine in Eastern Asia, comprising 51% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 15% share of total imports. It was followed by South Korea, with a 13% share.

In China, medical gel preparations imports expanded at an average annual rate of +3.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+34.0% per year) and South Korea (+5.1% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, waning by -9.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 14%. Over the period under review, import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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